UNION

BUDGET
2019

No changes in Personal
Income Tax Slabs
Additional Rs.1.5 lakh
Rs. 1.5 lakh deduction on
deduction U/s 24b for
interest payment of Electric
interest on home loan for
Vehicle
affordable houses

DIRECT STT is proposed to be

Increase in surcharge for
TAXES super rich individuals: 3%
surcharge for Rs. 2 crore
Annual turnover limit for
25% Corporate tax raised to
Rs 400 crore from Rs 250
restricted only to the
difference between
settlement and strike price
and above income and 7%
crore in case of Exercise of
above Rs. 5 crore.
option.

Interchangeability of PAN
and Aadhaar for ITR who
don't have PAN cards
 Taxpayers with annual turnover of
less than Rs 5 crore to have to file
only quarterly

INDIRECT Custom duty on Petrol and Diesel

TAXES to be hiked by Rs. 1 per liter.

A fully automated GST refund

module shall be implemented.
 AFFORDABLE
HOUSING

Rental laws to be reformed. Modern

tenancy law will be shared with states to
promote house renting.
 2% TDS on withdrawals of Rs 1
crore in a year from bank accounts
for business payments
DIGITAL
PAYMENTS
No change on digital
payment: MDR charges waived on
cashless payment
 Rs 3,000 pension per month for
informal sector workers

EASE OF Aadhaar card under 180 days for NRIs

LIVING on arrival in India

Govt to open embassies in countries

where India doesn't have a resident
diplomatic mission as yet.
ECONOMY
* Fiscal deficit in FY19 at 3.3% of the
GDP

* Govt will start raising part of borrowing

in foreign currency

* Govt external debt to GDP is among

the lowest in the world.
* New coins of denomination Rs. 20 will
be introduce along with new design for
existing coins.
 Nari tu Narayani: Women SHG
Interest Subvention Programme Rs 1 lakh loan to be provided for
to be expanded to all districts in SHG women members
India

WOMEN
EMPOWERMENT
Every verified woman SHG
member having a Jan Dhan
account can avail Rs 5,000 rupees
overdraft facility
 MSME

* Propose easing angel tax for startups

*Angel tax: Wont require scrutiny from Income Tax department for
startup

* 2% interest subvention for GST-registered MSME on fresh or

incremental loans.

* ‘Stand Up India' Scheme to continue till 2025

* Propose to commence television channel for start-ups

* To extend pension benefit to retail traders with annual turnover

less than Rs 1.5 crore
 * Local sourcing norms will be relaxed for the Single
brand retail sector

* Govt of open FDI in aviation, insurance, animation

AVGC and media
FDI
 INVESTMENT
* Existing KYC norms for FPIs to be rationalized and
simplified to make it more investor-friendly
* Long-term bonds for market
* To allow FIIs & FPIs investment in debt securities issued
by NBFCs
* Credit Guarantee Enhancement Corporation to be set up
long-term bonds with specific focus on infra sector
* Propose Social Stock Exchange under SEBI for listing
social enterprises & voluntary organizations.
* The Government Propose to give relief in levy of
Securities Transaction Tax (STT) by restricting it only to the
difference between settlement and strike price in case of
Exercise of option.
 CONTINUE…

* To set up a credit guarantee enhancement corporation

* Govt will take up measures to make RBI & SEBI depositories

inter-operable

* SEBI to mull increasing minimum public shareholding to 35%

from 25%

* To deepen corporate tri-party repo market in corporate debt

securities. Plan to enable stock exchanges to allow AA rated
bonds as collaterals.

*To allow FPIs to subscribe to listed debt papers of REITs

RURAL INDIA

* New Jal Shakti ministry will work with states to ensure Har Ghar Jal for all rural
houses by 2024.
* Pradhan Mantri Gram Sadak Yojana phase 3 is envisaged to upgrade 1,25,000
km of road length over the next 5 years.
* Govt will set up 100 new clusters for 50,000 artisans in FY20.
* To invest Rs 80,250 crore for upgradation of roads under PM Gram Sadak
Yojana.
*Every single family to have electricity, clean cooking fuel by 2022.
AGRICULTURE

* Govt to promote innovative 0 Budget farming.

* 10,000 new farmer producer Organisations.

* 80 Livelihood business incubators and 20

technology business incubators to be set up in 2019-
20 under ASPIRE to develop 75,000 skilled
entrepreneurs in agro-rural industries